The property assessed clean energy (PACE) financing is accomplished through a special voluntary non-ad valorem assessment that appears as a line item on property owners’ annual property tax bills. PACE financing payments are approved under Florida State Statue 163.08, which was created to provide an alternate method of financing energy efficient property improvements. The special assessment constitutes a continuing lien on the property (with the same priority as county taxes). While PACE programs are enabled by state legislation, they must also and must be approved by local government. Currently, all of Dade and Broward Counties are eligible for PACE financing with Palm Beach at a 95% approval status for the program’s benefits.

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